LeGrand (OTCMKTS:LGRDY) Shares Gap Down – What’s Next?

Shares of LeGrand SA (OTCMKTS:LGRDY) gapped down prior to trading on Thursday . The stock had previously closed at $32.31, but opened at $30.70. LeGrand shares last traded at $30.93, with a volume of 6,156 shares trading hands.

Analyst Ratings Changes

LGRDY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised LeGrand from a “hold” rating to a “buy” rating in a report on Wednesday, September 2nd. Zacks Research raised shares of LeGrand from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of LeGrand in a research note on Thursday, June 18th. Morgan Stanley restated an “overweight” rating on shares of LeGrand in a research report on Friday, August 28th. Finally, Barclays upgraded LeGrand from an “overweight” rating to an “overweight” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

LeGrand Trading Down 2.7%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.58. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a 50 day moving average price of $31.55 and a two-hundred day moving average price of $32.81.

LeGrand (OTCMKTS:LGRDY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.18 billion. LeGrand had a net margin of 13.01% and a return on equity of 17.74%. On average, research analysts forecast that LeGrand SA will post 1.41 EPS for the current year.

LeGrand Company Profile

Legrand SA is a France-based specialist in electrical and digital building infrastructure. The company develops, manufactures and markets equipment used to distribute, control, protect and manage electricity and data in residential, commercial, industrial and infrastructure environments.

Its product portfolio includes wiring devices such as switches and sockets, electrical protection and distribution systems, cable management solutions, connected-home and building-automation products, and systems for data centers and other digital infrastructure applications.